Pranab Reviews Air India Makeover Plan

New Delhi: With Air India seeking a Rs 5,000-crore bailout package from the government, Finance Minister Pranab Mukherjee today reviewed the turnaround plan of the national carrier, including the steps it was taking to cut costs and improve savings.
Mukherjee was briefed on the issue by Civil Aviation Secretary M Madhavan Nambiar and Air India CMD Arvind Jadhav at a meeting in his North Block office, official sources said.
The Finance Minister is understood to have made it clear that any government assistance to the national carrier would come only after it took concrete measures to reduce flab and costs. He reiterated the position that the airline should take more initiatives to cut costs and enhance savings.
In this context, it was also pointed out that on an average a pilot of Jet Airways earned about Rs two lakh a month, whereas their Air India counterparts got between Rs 3-4 lakh which included the productivity-linked incentives, informed sources said.
21/09/09 Outlook India

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Categories: NACIL Sep 2009